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Logo of Phnom Penh Post newspaper Phnom Penh Post - Bank to resume funding



Bank to resume funding

| Publication date 09 February 2007 | 07:00 ICT

Bank to resume funding

The World Bank said February 5 that it will resume disbursing money for three development

projects in Cambodia after last year's suspension due to alleged corrupt practices.

The World Bank decided to lift the suspensions after it reached agreement with the

Cambodian government on frameworks for improving implementation of the projects,

which dealt with land management and administration, provincial and rural infrastructure,

and provincial and suburban water supply and sanitation, according to a bank press

release. In June last year, the World Bank froze US$7.6 million in funding for the

projects, saying it had discovered evidence of fraud and corruption in the procurement

process. The Cambodian government denied the allegations, saying there was no proof

of wrongdoing.

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